|Bid||150.00 x 900|
|Ask||182.99 x 800|
|Day's Range||179.66 - 181.82|
|52 Week Range||124.40 - 186.73|
|Beta (3Y Monthly)||1.14|
|PE Ratio (TTM)||11.25|
|Earnings Date||Feb 4, 2020 - Feb 10, 2020|
|Forward Dividend & Yield||5.24 (2.90%)|
|1y Target Est||175.95|
Cummins announcing new environmental sustainability strategy including carbon neutral targets
Cummins Inc. (CMI) announced this week that the X12+Endurant powertrain from its Integrated Power portfolio is now available for customers in regional haul applications, delivering the lightest solution to this market with industry-leading maintenance intervals. Following Freightliner’s announcement at Tank Truck Week in Nashville, TN, this lightweight powertrain from Cummins can be now be ordered in Freightliner’s brand new Cascadia 116” BBC Day Cab. “The X12+Endurant powertrain's lightweight, yet durable design allows customers to maximize their payload for each and every job,” said Amy Boerger, Vice President – Engine Business Sales for Cummins.
It looks as if Wall Street believes the worse is past for industrial stocks. After a period of weakening demand, things are looking up.
While strong performance of the North American market buoys General Motors (GM) and Ford's (F) Q3 results, Tesla (TSLA) gains from rising Model 3 deliveries.
Cummins Inc. announced successful legal actions against Turbotechsnab LLC and Weifang Yuhang Turbocharger Co. Ltd. for infringement upon Cummins’ trademarks and patents, respectively.
“Developing this cutting-edge hydrogen fuel cell truck as a technology demonstrator is an important step in gaining valuable insights that are critical to continue developing the right solutions for the market and preparing for the next 100 years. Some companies make headlines talking about the future, but we’re busy building for the future,” said Thad Ewald, Vice President, Corporate Strategy at Cummins and leader of the company’s Electrified Power segment. The zero-emissions class 8, 6x4 day cab tractor is a technology demonstrator suitable for vocational applications, including regional haul, urban delivery operations, port drayage and terminal container handling.
Indiana-based Cummins Inc. (NYSE: CMI) reported third quarter total revenue of $5.77 billion, a decrease of 3% from the same quarter in 2018. North America revenues decreased by 6%, while international revenues declined 25%, officials said. Cummins released its third quarter results on October 29.
Shares of Cummins Inc. fell 1.3% in midday trading, after the truck engine maker reported a third-quarter profit that fell in line with forecasts, but revenue that declined more than expected, citing lower demand for trucks and construction equipment and weakness in international markets. The stock's selloff comes a day after it closed at the highest level since February 2018. "While we expected to see a moderation of demand in the second half of the year, sales have weakened even faster than we anticipated," said Chief Executive Tom Linebarger. And on the post-earnings conference call with analysts, Linebarger said the "deep level of decline" in revenue as resulted in a number of actions to align costs with production levels, including the recently announced voluntary retirement package which the company used to cut 400 to 450 jobs. Chief Financial Officer Mark Smith said the company would continue to use the "opportunity" of the economic and demand downturn to cut costs and drive "efficiency." The stock has run up 33.0% year to date, while the S&P 500 has gained 21.5%.
Cummins (CMI) delivered earnings and revenue surprises of -0.26% and -1.21%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
COLUMBUS, Ind.-- -- Third quarter revenues of $5.8 billion; GAAP 1 Net Income of $622 million Third quarter EBITDA of 16.6 percent of sales; Diluted EPS of $3.97 Full year 2019 revenues expected to decline 2 percent, lower than previous guidance of flat Full year EBITDA expected to be 15.9 to 16.3 percent of sales, compared to prior guidance of 16.25 to 16.75 percent $910 million returned to shareholders ...
While Cummins' (CMI) Q3 results will likely reflect gains on high truck demand in the North American market, lower demand in Chinese, Indian and European markets might have dented overall profits.
In the stock market you get paid from capital appreciation and dividends. Of the two, the only one with any certainty is dividends, explains blue chip stock expert Kelley Wright, editor of Investment Quality Trends.
Maintaining fuel efficiency regulations at the federal level for heavy-duty trucking — rather than relying on a patchwork of state-by-state regulations — should be a priority for lawmakers preparing to introduce climate change legislation, according to truck engine maker Cummins (NYSE: CMI) . The Columbus, Indiana-based manufacturer was on a panel of industry players testifying at a Capitol Hill hearing on transitioning the U.S. economy to net zero greenhouse gas pollution by 2050, with prospects for moving the transportation sector toward zero- or low-carbon fuels as part of the plan. "Having predictability around a national regulatory policy is very important," said Wayne Eckerle, Cummins' Vice President of Research and Technology.
Harley-Davidson (HOG) puts up a stellar show in Q3, with its performance surpassing estimates on the back of higher-than-expected sales.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Transport Expo showcases Mexico's trucking industry; Texas and Mexico officials ...
Today, Cummins Inc. (CMI) announced that Melina Kennedy has been named Vice President – Product Compliance and Regulatory Affairs. In this newly-created role, Kennedy will oversee engine emission certification, product compliance, and regulations related to Cummins products. Kennedy will report to Cummins Chairman and CEO, Tom Linebarger.
Cummins Inc. (CMI) debuted the Tactical Energy Storage Unit during the 2019 Association of the United States Army (AUSA) show at the Washington Convention Center, October 14 – 16. The new Tactical Energy Storage Unit is the first battery hybrid power generation system for military use, further enhancing the performance and reliability of the Cummins Advanced Medium Mobile Power Sources (AMMPS) generators. “The Tactical Energy Storage Unit is safe, quiet, and a high-quality product that we are pleased to bring to the U.S. military,” said Doreen Swanson, Program Manager of Cummins Military Programs.